Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    466 Us-11 Central Square, NY 13036

    • Mixed-use properties
    • 2,928 SF
    • 200.00 lot acres
    For Sale
    View listing
    $9,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 466 Us-11

    Year built
    1994
    Lot size
    200.00 lot acres
    Property size
    2,928 SF
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 200-acre property, located at 466 US-11 in Central Square, New York (13036), presents a unique investment opportunity. Priced at $9,500,000, this mixed-use site boasts significant potential for commercial, industrial, or high-density residential development. The existing 2,928 square foot building, constructed in 1994, offers immediate usability, while the expansive acreage allows for substantial future expansion. The property benefits from full utilities, convenient access to major interstate highways via an on-ramp less than 1.5 miles away, and frontage along an existing rail line. Its strategic location offers a short commute to the Micron Fab manufacturing facility, making it highly attractive for businesses seeking proximity to this key industry. The pro-development municipality further enhances the appeal of this site. The property's versatility extends to the potential for creating a large-scale residential community, with the capacity for several hundred units and full services. This exceptional location, coupled with its size and infrastructure, presents a compelling investment opportunity for developers seeking a prime location in Oswego County, New York. The price per square foot is $3,244.54. The property currently has no loading docks. This is a rare opportunity to acquire a large-scale development site with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Central Square
    County
    Oswego
    State
    New York
    Longitude
    -76.1432
    Latitude
    43.2729

    Comparable in this City

    • Value Estimation by Request
      23.15 Acres

      Fulton Ave

      Land • 23.15 Acres
      0 Fulton Ave, Central Square, NY 13036
      View Details
    • Value Estimation by Request
      66.44 Acres

      County Route 37

      Farms • 66.44 Acres
      0 County Route 37, Central Square, NY 13036
      View Details
    • Value Estimation by Request
      39.77 Acres

      516 County Route 37

      Farms • 39.77 Acres
      516 County Route 37, Central Square, NY 13036
      View Details
    • Value Estimation
      $295,000
      12,720 SF

      526 Main St, Unit 28

      LUMBERYARD, BUILDING MATERIALS • 12,720 SF
      526 Main St, Central Square, NY 13036-9779
      View Details
    • Value Estimation
      $265,000
      3,559 SF

      1390 County Rte 4th 4

      LUMBERYARD, BUILDING MATERIALS • 3,559 SF
      1390 County Rte 4th 4, Central Square, NY 13036
      View Details
    • Value Estimation
      $315,000
      12,904 SF

      1387 County Rte 4th 4

      LUMBERYARD, BUILDING MATERIALS • 12,904 SF
      1387 County Rte 4th 4, Central Square, NY 13036-2232
      View Details

    Similar Nearby for Sale

    • $9,500,000
      200.00 Acres

      Prime Central Square Industrial Site

      200-acre mixed-use development opportunity
      466 Us-11, Central Square, NY 13036
      View Details
    • $699,900
      7,080 SF

      Prime Central Square Auto Shop

      7,080 SF Mixed-Use Building, Great Investment!
      583 Main St, Central Square, NY 13036
      View Details
    • $249,000

      Mixed-Use Building on Main Street

      Five-unit mixed-use property with commercial storefronts and residential apartments.
      670 S Main St, Central Square, NY 13036
      View Details
    • $999,900
      295.00 Acres

      Micron Area Residential Land

      295 Acres, Prime Development Opportunity
      160 Breckheimer Rd, Central Square, NY 13036
      View Details
    • $1,700,000

      185+ Acres on Oneida River

      Large acreage with river frontage near Brewerton and Syracuse.
      419 387, Hastings, NY 13036
      View Details
    • $194,500
      25.00 Acres

      25 Acres Ready For Development

      25 acres in Central Square, NY ready for development.
      Rsa Rd, Central Square, NY 13036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,240 SF

      Warehouse Space Near I-81

      Warehouse space with overhead door, near Route 11 and I-81.
      792 County Route 37, Central Square, NY 13036
      View Details
    • Contact for pricing
      1,637 SF

      Retail Space with High Visibility

      Retail space featuring high traffic, ample parking, and signage.
      665 S Main St, Central Square, NY 13036
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    466 Us-11
    Central Square, NY 13036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.